Overview
- Ford Motor Company reports a 10.5% increase in U.S. sales for February, led by significant gains in hybrid and electric vehicle (EV) sales.
- Hybrid vehicle sales surged by over 31%, with the Ford Maverick hybrid pickup notably breaking its own monthly sales record.
- EV sales soared by 81%, with notable increases in sales of the Mustang Mach-E and F-150 Lightning models.
- Ford's strategic moves, including price cuts for the Mustang Mach-E and access to Tesla’s Supercharger network, contribute to sales momentum.
- Despite the surge in hybrid and EV sales, traditional internal combustion engine vehicles still constitute the majority of Ford's sales.